Thailand’s National Economic and Social Development Council (NESDC) has raised its full-year GDP growth forecast to 2.3%, marking the highest estimate among regional peers.
The revision reflects an improving economic trajectory, with policymakers noting that conditions are easing more than previously anticipated.
1%, missing government targets, while Vietnam’s first-half expansion of 8.
The upward adjustment signals growing confidence in the domestic recovery, driven by stabilizing consumption and supportive policy measures.
By lifting the growth target, the council underscores a shift in sentiment from cautious monitoring to measured optimism regarding the country’s economic resilience.
This development comes as neighboring economies face mixed headwinds.
Bangladesh recently lowered its growth projection to 6.1%, missing government targets, while Vietnam’s first-half expansion of 8.18% fell short of double-digit ambitions.